Business
Frontline Matters in Notice- Schlumberger (NYSE:SLB), Sanchez Energy (NYSE:SN)
The analyst, however, has maintained his Buy rating on the stock. "We also note that Asia seems to have bottomed which likely benefits SLB given strong overseas exposure", the analyst wrote in a research note to clients. On average, equities research analysts forecast that Schlumberger N.V. will post $1.15 earnings per share for the current year. The Stock now has a Weekly Volatility of 1.77% and Monthly Volatility of 1.42%.
Business
Alibaba Posts Another Strong Quarterly Earnings
Alibaba is the dominant player in China when it comes to online commerce and has expanded into sectors including sport and entertainment. The company benefited from a record sales on its Singles' Day Shopping Festival on November 11, 2016.
Business
Trump's protectionist speech hits dollar and shares
The dollar had soared late past year on expectations that Trump's pledges to cut taxes and hike infrastructure spending would boost the US economy, spurring inflation and higher interest rates. As Donald Trump took charge of the presidency of the United States, the dollar retreated against most of its peers on Monday, with warnings of wild volatility.
Business
Paddy Power Betfair sees 2016 earnings hit mid-point
It expects the group's underlying earnings before interest, taxes, depreciation, and amortisation (EBITDA) to be close to the mid-point of its previously guided range of between £390m (€453m) and £405m (€470m). The Irish firm notes that the total cost of "customer friendly results" was approximately £40m (€46m) in the quarter - before "any benefit from the re-cycling of winnings".
Business
I'm cutting 75% of regulations, maybe more!
During the meeting with business leaders, Trump warned that companies will only benefit from his tax cuts if the remain in the U.S. "You have to go through the process, but it's going to be expedited. "Some people would say that's not free trade", he added. As he did on the campaign trail, Trump said that his plans to push American manufacturing and renegotiate trade deals do not mean that he wants to abandon free trade altogether.
Business
Caught on camera: Police officer saves woman trapped inside burning auto
Novak told KHQ that she drove over a patch of ice on Spokane's north side when her vehicle suddenly shut off. Smoke started to rise from the hood of the vehicle and then flames. "I'm realizing where there's smoke, there's fire and oh crap my car's now on fire", Novak explained. Officer Tim Schwering was the first to arrive on the scene, just before fire crews.